Goosehead Insurance Analysts Slash Their Forecasts After Q2 Results

Core Insights - Goosehead Insurance reported mixed results for Q2, with earnings per share of $0.49, missing the analyst consensus estimate of $0.50, while quarterly sales of $94.03 million exceeded the estimate of $93.85 million [1] Financial Performance - The company achieved premium growth of 18%, total revenue growth of 20%, and core revenue growth of 18% in Q2 [2] - Net income declined by 24%, with a net income margin of 9%, while adjusted EBITDA grew by 18%, resulting in an adjusted EBITDA margin of 31% [2] - Goosehead Insurance affirmed its FY2025 sales guidance of $350 million to $385 million [2] Stock Performance - Following the earnings announcement, Goosehead Insurance shares fell by 15.5%, trading at $87.39 [3] - Analysts adjusted their price targets, with Piper Sandler downgrading the stock from Overweight to Neutral and lowering the price target from $122 to $109, while Keefe, Bruyette & Woods maintained an Outperform rating but cut the price target from $130 to $120 [8]